Adversity is less terrifying than hope: Energizer Holdings Inc. (ENR)

Energizer Holdings Inc. (NYSE: ENR) stock jumped 2.32% on Thursday to $34.39 against a previous-day closing price of $33.61. With 0.81 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.52 million shares. During the session, the Electrical Equipment & Parts company that operates in wider Industrials sector, reached to the highest price of $34.43 whereas the lowest price it dropped to was $33.72. The 52-week range on ENR shows that it touched its highest point at $37.89 and its lowest point at $24.81 during that stretch. It currently has a 1-year price target of $37.00. With its current market cap of 2.48 billion, ENR has annualized dividend of $1.20 while the current yield stands at 3.49%. Beta for the stock currently stands at 1.01.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ENR was down-trending over the past week, with a drop of -2.63%, but this was up by 0.12% over a month. Three-month performance surged to 3.30% while six-month performance rose 3.80%. The stock gained 22.04% in the past year, while it has gained 2.50% so far this year. A look at the trailing 12-month EPS for ENR yields -3.43 with Next year EPS estimates of 3.38. For the next quarter, that number is 1.13. This implies an EPS growth rate of -260.00% for this year and 11.57% for next year. EPS is expected to grow by 9.90% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -25.00%.

Float and Shares Shorts:

At present, 71.50 million ENR shares are outstanding with a float of 66.15 million shares on hand for trading. On Aug 30, 2023, short shares totaled 2.28 million, which was 3.18% higher than short shares on Jul 30, 2023. In addition to Mr. Mark S. LaVigne as the firm’s Pres, CEO & Director, Mr. John J. Drabik serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 85.43% of ENR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 52.46% of ENR, in contrast to 32.63% held by mutual funds. Shares owned by individuals account for 2.20%. As the largest shareholder in ENR with 11.15% of the stake, The Vanguard Group, Inc. holds 7,971,277 shares worth 7,971,277. A second-largest stockholder of ENR, BlackRock Fund Advisors, holds 7,074,015 shares, controlling over 9.90% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in ENR, holding 5,259,235 shares or 7.36% stake. With a 3.11% stake in ENR, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 2,223,774 shares are owned by the mutual fund manager. The Undiscovered Managers Behavioral, which owns about 3.07% of ENR stock, is the second-largest Mutual Fund holder. It holds 2,195,187 shares valued at 78.37 million. JPMorgan Mid Cap Value Fund holds 3.02% of the stake in ENR, owning 2,155,388 shares worth 76.95 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, ENR reported revenue of $728.00M and operating income of $102.70M. The EBITDA in the recently reported quarter was $136.60M and diluted EPS was $0.73.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ENR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ENR analysts setting a high price target of $42.00 and a low target of $33.00, the average target price over the next 12 months is $37.00. Based on these targets, ENR could surge 22.13% to reach the target high and fall by -4.04% to reach the target low. Reaching the average price target will result in a growth of 7.59% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded ENR stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 14 while that of sell transactions has risen to 11 over the past year. The total number of shares bought during that period was 39,840 while 8,872 shares were sold.

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